Auspex Pharmaceuticals bolted 41.5 per cent after it agreed to be acquired by Teva Pharmaceuticals for US$3.2 billion. Auspex specialises in treatments for Huntington’s disease. Teva advanced 0.9 per cent.

Tesla Motors advanced 3.0 per cent after chief executive Elon Musk announced on Twitter the company will unveil a “major” new product line on April 30. Musk said the new product is not a car.

Ford Motor rose 1.1 per cent as it announced plans to relaunch the Lincoln Continental luxury car in the US and China in 2016.

The Madison Square Garden company gained 4.5 per cent as it announced plans to spin off its sports and entertainment business to shareholders in a tax-free deal.

Pharma company Mylan fell 2.6 per cent on news that Abbott Laboratories plans to sell nearly one-third of its stake in the firm. In July, Mylan bought Abbott’s non-US business for US$5.3 billion in Mylan stock.

Bond prices were mixed. The yield on the 10-year US Treasury held steady at 1.96 per cent, while the 30-year rose to 2.55 pe rcent from 2.53 per cent on Friday. Bond prices and yields move inversely.